You mean eight consecutive up moves out of ten consecutive moves? Did you take samples of ten moves in a sliding fashion? (like 1 to 10, 2 to 11... or 1 to 10, 11 to 20... )And what is the data interval?

So I guess companies who are interested to recruit this kind of people are IBs and big energy firms?

Hi, Anyone here is doing financial modelling for the purpose of oil & gas valuation? What are the differences between this job and building financial models for banks? Is it a kind of quant job? Any clarification is appreciated. ~~

why dont just use the questions after each chapter of the book?

<t>QuoteOriginally posted by: farmerAre you qualified to do that? Or at least to sound like you are? Or is it mostly a support role?They have analyst positions to support those directors. QuoteOriginally posted by: farmerYou are not "a graduate," you are an individual. Is the role matched to your un...

<t>Thanks, farmer and exotiq. Yeah, I meant the traditional type of "family office" and it actually scout about for the best fund managers to help them. The exciting part of working there is that the employee can be exposed to most asset classes (equity, fixed incom, alternative...), but it is not t...

Hi, Can someone give me some idea of working in a family office? What are the Pros and Cons of it compared to working in a bank. ThanksHamb

Yeah, 2nd round will involve quite a lot of technical questions, closely related to your past year experience. And they will also walk you through the test that you have done.

Hi, Can someone provide me some infomation on latest or relatively new exotic options used in the industry? Like what are the payoffs, in what condition they are preferred by investors, their advantages and disadvantages, the risk of using them and how to slove it. Thanks. Hamb

<t>I came across this definition and classification of convexity from a paper:The notion of convexity refers to different situations, which can be sometimes seen as having almost nothing in common. Sometimes used as the gamma ratio for interest rate options, as an indicator of risk for bonds portfol...

<t>Hi,In practice, can I safely assume that the "fixed" leg and floating leg of a CMS has the same swap structure (the same frequency, the same rate type, etc)? If it is the same, let's say that the price of the CMS, which is the spread from the fixed leg is A, and the spread from the floating leg i...

A basis swap is exchanging cash flows calculated by using different floating reference rates, so a widening basis swap would mean a widening of the risk difference of these two reference rates.

Make it simple, correlation is the standardized covariance.

<t>For the Hagan's model of convexity adjustment, is the timeing adjustment incorporated in as well? I am trying the example in the "An Examination of the Convexity Adjustment Technique in the Pricing of Constant Maturity Swaps" by Nevena Selic, has anyone implemented the models in this paper too?Ap...